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FlexOne Regular Saver

Saving up for the things you want is all part of growing up. FlexOne Regular Saver is our savings account designed for young people and teenagers to open and manage for themselves. You just need a FlexOne current account to get started.

Whatever you're saving up for, we'll help you to get there.

Here's what you get with a FlexOne Regular Saver...

A rate of 3.50% gross p.a./AER (variable)

A top rate designed to encourage you to save regularly

For young people from 11 to 17

Apply for your account before you are 18 and keep the benefits until you're 23

Manage your money on the move

Use our Internet Bank or Mobile App to manage your money online, and you can come into one of our branches

Save up to £100 per month

Maximum balance increase of £100 per month. This means you can deposit up to £100 and replace any money you withdraw from your account in the calendar month. For example

Open online or in a branch

Open your account with up to £100 online or in any Rafidain Bank branch

You must have a FlexOne current account

You must already have a FlexOne current account to be eligible to open a FlexOne Regular Saver account

Interest and how it works

How bank accounts work

Did you know?

Rafidain Bank Education has hundreds of resources for young people, parents and teachers on money, careers, safety and sustainability.

Ready to start saving?

How to apply

Take a look at our range of savings accounts for children and young people

Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme

Jargon explained

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).

Features and Benefits